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African Bank Gold Credit Card review: no minimum income required

If you want to hold an affordable card with no minimum income required, check out this African Bank Gold Credit Card review and learn how it works!

African Bank Gold Credit Card: 3% interest back on prompt payments throughout the year

African Bank has the perfect card if you need to build a credit history. Source: The Mister Finance.
African Bank has the perfect card if you need to build a credit history. Source: The Mister Finance.

This African Bank Gold Credit Card review will show you how easily you can get an affordable financial product to make your life easier on day-to-day transactions.

This card is a Visa-affiliated product, which means it is accepted worldwide.

African Bank Gold Credit Card

How to apply for the African Bank Gold Credit Card

See how easy it is to apply for an African Bank Gold Credit Card and get your card issued instantly in a branch so you can enjoy its perks!

Take a look at the chart to find out the main points about it!

Credit ScoreNot disclosed
APRFrom 15% to 27.50%
Annual FeeR828.00 (R69.00 per month)
FeesCard replacement fee: R115.00;
Funds transfer fee: R5.55;
Cash back at POS: R7.50;
Deposit fee (Plus 1.3% of transaction value over R250): R5.75;
ATM cash withdrawals above R100 (Plus 1.5% of transaction value): R11.50;
ATM cash withdrawal (Plus 1.5% of transaction value): R23.00
Welcome bonusNone 
RewardsNone

Now, continue reading to learn in detail how it works!

How does the African Bank Gold Credit Card work?

African Bank offers a Visa Gold credit card that is pretty popular among those who cannot afford high costs.

Also, the bank only checks the applicant’s financial capability, which means it is quite easy and fast to get this card since the requirements are not many.

Moreover, although the card doesn’t offer rewards, it allows you to earn 3% interest back for prompt payments throughout the year on a positive balance.

For those who don’t want to wait long for a card to arrive, African Bank issues gold cards instantly in branches so you can start using your newest wallet addition right away!

In summary, the card comes with some basic but important features, as follows:

  • Interest-free credit on POS purchases for up to 60 days when using your card responsibly, being that paying your outstanding balance in full by the due date;
  • Visa worldwide acceptance;
  • Global Emergency Assistance as well as Travel Assistance;
  • Credit Life Insurance;
  • Accessibility and convenience of withdrawing cash at any ATM.

On the other hand, it is important to mention that you can only ask for a credit limit increase after a period.

Furthermore, you must pay a monthly service fee. However, there are no extra costs for the advantages offered.

African Bank Gold Credit Card benefits

You can get this credit card with any monthly income. Source: Canva.
You can get this credit card with any monthly income. Source: Canva.

As can be seen in this African Bank Gold Credit Card review, the card is affordable and offers basic and good features, especially when it comes to assistance and protection.

Before applying, check out the list of pros and cons, though!

Pros

  • It is an affordable card considering its advantages at no extra cost;
  • It offers 3% interest back for prompt payments throughout the year on a positive balance;
  • It provides you with accessibility, convenience, Global Emergency Assistance as well as Travel Assistance, and optional Credit Life Insurance;
  • It offers interest-free credit on POS purchases for up to 60 days (conditions apply);
  • It is a Visa card, which means you can use it all over the world.

Cons

  • It lacks rewards and bonuses.

Pre-approved credit cards for low credit score available now

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How good does your credit score need to be?

Unfortunately, the minimum credit score required is not disclosed. However, African Bank doesn’t require a minimum income, and it only runs some reports to check your capability of keeping your finances in good standing.

How to apply for an African Bank Gold Credit Card?

After reading this African Bank Gold Credit Card review, you might be interested in getting one. So, learn how easy it is to apply for an African Bank Gold Credit Card!

African Bank Gold Credit Card

How to apply for the African Bank Gold Credit Card

See how easy it is to apply for an African Bank Gold Credit Card and get your card issued instantly in a branch so you can enjoy its perks!

About the author  /  Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by  /  Aline Barbosa

Senior Editor

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